Horse racing is one of the oldest sports you could bet on; it has been around for decades and has grown in the sporting aspect. You could say that horse racing is seen as a high-class spectator sport as Horse racing events tend to draw in an aristocratic crowd. It isn’t anything close to the truth. Horse racing is an industry that brings in millions in Canada when betting. In this article, we will look at the best sites to bet on Horse racing and the types of bets available.
Top Horse Racing Bookmakers in Canada
Here in the list below are the best sportsbooks in Canada that you can bet on Horse racing; they offer a lot in terms of their services and markets.
Betway is one of the biggest and best sportsbooks in Canada, other than offering great odds and markets, plus a plethora of sports to bet on. You can also find great markets and chances on Horse racing, and their app offers live streaming and live betting.
Sports Interaction is the essence of a Canadian Sportsbook, and it is due to the many years of operation in the country, they have learned and keep learning what their customers want, excellent customer service, several options for funding your account, and great opportunities to bet on, especially with Horse racing.
22bet has been doing well since joining the industry in 2018; it has established itself as a reliable and trustworthy bookmaker, standing out due to its competitive odds, sports coverage, reliable funding options, and excellent horse racing betting offers.
Bet365 is a gambling powerhouse and has done well to maintain its status as one of the best sportsbooks globally. Great markets to choose from; their live betting platform is one of the best competitive odds but where they stand out is their sports coverage. Horse racing is a popular sport in the sportsbook.
Best Horse Racing Betting App
The William Hill Sports app is another solid option for bettors. Anyone who has placed a bet in the last 24 hours or with a positive balance can access live streaming of the U.K. and Irish races, so long as they aren’t betting on the same race. You can also log in using Touch ID or two-factor authentication, which makes this app particularly secure. Read more about William Hill.
888Sport is another strong horse racing app with live streaming of UK, Irish, and some international racing. It’s high quality, especially for those who are into their different racing promotions, daily specials, and odds boosts.
People have voiced their opinions in favor of the Ladbrokes app in their droves, and they’re not wrong. The app provides brilliant horse racing betting services for numerous reasons. One of the main reasons is its ability to stream live races; you don’t even have to place a bet if you don’t want to. The stream is of excellent quality at all times—with a really good feed that makes it easy for customers to watch.
How do we choose horse racing betting sites & apps?
We’ll give you a full run-down of the criteria a site must meet to provide positive results. This guide will help you collect valuable facts to decide which betting site to join.
Integrity and Trust
When it comes to online betting, you want to ensure your money and information are safe. We focus on many factors when evaluating sites for horse racing betting.
A company’s history and management team are among the most important things to consider when researching a business. When analyzing a business, you should also focus on the company’s customer complaints, reputation, regulation, licensing, and business practices.
In order to maximize your betting options and chances of winning, you should look for a sportsbook that offers a variety of horse racing bets & offers. Many people are unaware of the fact that they can bet on more than which horse will win. They also bet on various props, such as how many horses will finish in a specific position or cross the finish line. We look for sites that offer you the flexibility to place more chances than win bets.
Transaction and Betting Limits (For Professional Bettors Only)
Most people will have no problem with this. If you are a heavy gambler, you may wish to ensure that the site you choose can handle large amounts of betting and transactions. Most sites can accommodate high betting limits; remember that these limits change regularly.
The betting process can become a headache if the site is not on top of its user interface. User interface refers to the layout of a website. A site that’s easy to navigate will likely provide a good user experience and make the betting process pain-free.
But some sites don’t have friendly UX. Placing wagers and navigating the betting platform must be simple. It’s best to avoid sites with a clunky interface, as they can make the process annoying.
All the websites we have recommended in this guide provide a good user experience and easy to understand the dynamics and options. Each of these sites offers different levels of horse racing betting, so it is up to you to decide which one best suits your needs.
Horse racing Betting FAQ
Is it legal to bet on horse racing in Canada?
Yes, it is! Horse racing has been around for decades, and as such, betting on the races is not illegal; it is one of the first legal gambling activities in Canada.
When are Horse Racing Odds Released?
Odds are assigned to the horses when the race program is published before betting begins. At the racetrack, the odds will be published on the wagering board before the race; they change up to the time of the start, according to how the gamblers bet on each horse in the race. Similarly, if you are betting online, the odds will change as the time of the race approaches, in part depending on the bets placed by punters.
What is in-running Betting on Horse Racing?
When making a bet on running, it’s best to know something about the horses. It helps if you pick a few runners and follow them closely, rather than trying to watch the whole race. There are several ways of betting:
Back to in Running Lay
This method involves backing a horse pre-race and then laying it in running at lower odds to guarantee a profit. It is effective for horses that often run well.
Lay to in Running Back
Placing early bets on horses you believe will win and laying off at higher odds to guarantee a good profit. It can be done with slow starters or horses that need lots of help from the jockey.
In Running Back
It’s a type of wager in which you bet on a horse that you think has a good chance of winning, but either you don’t want to bet early because you think the odds will improve, or you want to wait to see how the race unfolds in the early stages.
In Running Lay
If you have a horse who is regularly starting to win but eventually finishing second or third, you could use this method to profit from the horse’s poor performance. If the horse meets the desired odds in running, you will place a lay bet.
How Horse Racing Betting Odds Work
When betting on horse racing and sports, three main types of odds are used: British fractional odds (3/1), American Moneyline pricing (+150), or decimal prices (2.00).
Let’s look at a simple example to understand how horse-race betting works. For this, we’ll take odds of 2.00 with a stake of C$10 on a horse winning a race. If you bet C$10 on a horse to win, your potential winnings would be C$20.
Horse Racing Betting Options.
This Bet is when you place a wager on a horse to win, and if they win, your Bet goes through
This is placing a bet on a horse to either come in second or first.
You pick a horse and bet that it will finish in the top three for your Bet to grab any winnings.
Across the board
It is similar to a parlay bet, where you combine three bets to increase your winnings, such as placing bets on separate win, place, and show bets to increase the amount you can win.
You’re making two bets when you bet on horse racing with an each-way bet. Half of your stake goes on a win and half on place terms that are decided by the site and race type. If your horse wins, you’ll receive a larger payoff than if it places. If your horse comes in second, you’ll get a smaller fraction of the win odds. Each-way betting can be the best Bet when you pick an outsider that has a good chance of winning.
Horse Racing Betting Strategies:
The Beaten Favourite System
Bettors can use a system called ‘the beaten favorite system,’ which involves betting on horses that have had a winning streak but recently lost or appeared to have “flopped.” It can be an effective bet because it shows that the horse is still a potential contender.
You should consider betting on a horse that has performed poorly in the past but could make a comeback. Finding a horse with high odds and a low payout is vital. You should also look at the horse’s past performance, health record, and recent wins or losses. This strategy can be profitable in the long run because some bookies pay less attention to losing horses and offer higher odds on them.
Lay Betting Against a Runner
Lay betting is a strategy many sports traders use and is effective in almost every sport with high potential. In horse racing, however, lay betting means betting against a runner. To activate this Bet, you will have to watch the three favorites of the race and strategically analyze their odds and payouts.
After analyzing the favorites for the race, pick horses with odds between 2.0 and 4.0, and bet against the most likely loser. Betting this way has been shown to win most of the time. Remember to watch the top three horses and their odds before staking your money.
The Dutching Strategy
A Dutching strategy is one of the sports’ most successful gambling systems today. While many mathematical inductions are involved, they can be applied without any knowledge of maths. Bookies use maths to generate odds for their bets, so it’s no wonder players want to avoid studying math if they plan on using a Dutching strategy.
As a bettor, you can use the dutching to get the most out of your bets. To do this, bettors need to know a few things about basic math, including how to calculate odds and percentages. Thankfully, there are now several online services that will generate the necessary details you’ll need to use the dutching effectively. All you have to do is stake your desired amount on the odds for your selections while using these services to decide which bets have the best probability of winning. The calculator then derives the best amounts to stake on each wager with the highest possible payout. Some of these services even come with built-in calculators so that you can easily take advantage of them wherever you are!
Best horse races to Bet on:
To cap off the review, we shall now take a look at some of the biggest and most popular Horse racing events that you can bet on:
The Breeders’ Cup is an annual horse race event held in North America. It is open to horses of all ages and held over two days in early November at different venues around the country. There are separate races for horses on turf (grass) and dirt. The event was started in 1984 by a group of California breeders and has since become one of the most popular sporting events in the U.S.
Cheltenham Gold Cup
If you’re more interested in betting on horses than jumps, then the Cheltenham Gold Cup is for you. The race is the feature steeplechase at the Cheltenham Festival, which takes place in the U.K. every March.
The first leg of the American Triple Crown, the prestigious Kentucky Derby, takes place at Churchill Downs in Louisville, Kentucky. The Run for the Roses is arguably the world’s most famous Flat dirt race and is a contest for three-year-old North American thoroughbreds.
The Melbourne Cup is considered by many to be the greatest flat handicap in the world. The race is run at Flemington Racecourse in Melbourne, Victoria, on the first Tuesday in November and has global appeal as horses are often shipped from overseas to compete in it.
Canadians have their Triple Crown for three-year-old thoroughbreds foaled in the country. Their first leg was the Queen’s Plate, named after Queen Victoria and first run in 1860. It takes place at Woodbine Racetrack in Toronto, Ontario, each June or July on an artificial surface.